Note 13: Subsequent Events

12 Months Ended

Dec. 31, 2016

Notes

Note 13: Subsequent Events

NOTE 13: SUBSEQUENT EVENTS

a. During January, March and April 2017, the Company signed consulting service agreements with several service providers pursuant to which the Company issued in total 385,361 common stock and 100,000 warrants to purchase common stock at an exercise price of $1.50 fully vested on the date of the grant.

b. On February 22, 2017, the Company signed an amendment to the original agreement with Zvi Yemini, the Company's chairman of the board and his affiliated entity "Y.M.Y".  According to the amendment, Mr. Yemini's monthly payment was increased to 45,000 NIS (approximately $11,703) starting February 2017.

c. During January and February 2017, the Company signed agreements, with a few investors, to make several equity investments in an aggregated amount of approximately US $750,000. In consideration for such investments, the Company issued 1,552,795 restricted common stock.